NEW YORK, Feb. 16, 2016 (GLOBE NEWSWIRE) -- HC2 (NYSE MKT:HCHC)’s subsidiary, Global Marine Systems Limited (“Global Marine”), the world leader in subsea system design, installation and maintenance, has completed operations and installed approximately 380km of OCC SC500 fiber optic cable between the Japanese island of Okinawa and an existing branching unit (BU) in the Asia Submarine-cable Express (ASE) system. This extension of the 7,200km intra-Asia cable system, which was completed in 2012, connects Japan to the Philippines, Malaysia, Singapore and Hong Kong.
Appointed to the contract by NTT World Engineering Marine Corp (NTT WEM) via Global Marine’s Singapore operation, cable was landed from the vessel via direct shore ends at the southern tip of Okinawa before being laid to the BU of ASE. The BU stub end was recovered and jointing operations conducted, additionally PP duct fiber optic cable protection was installed to provide added protection for system security.
“As an experienced operator in the Asia region, we are ideally placed to offer rapid response to short project deadlines,” states Andy Lloyd, Director, Installation, at Global Marine. “With operations completed within a small timeframe, we are demonstrating how our professional team can work together to fulfil client needs, no matter how demanding.”
Masashi Nakagawa, Senior Project Manager at NTTWEM added, “We are very pleased to work with the Global Marine team and utilize a high performance installation vessel like the Cable Innovator for this important project.”
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HC2 Holdings, Inc. is a publicly traded (NYSE MKT:HCHC) diversified holding company, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders. HC2 has a diverse array of operating subsidiaries across seven reportable segments, including Manufacturing, Marine Services, Utilities, Telecommunications, Life Sciences, Insurance and Other. HC2’s largest operating subsidiaries include Schuff International, Inc., a leading structural steel fabricator and erector in the United States, and Global Marine Systems Limited, a leading provider of engineering and underwater services on submarine cables. Founded in 1994, HC2 is headquartered in Herndon, Virginia.
About Global Marine Systems Limited
Global Marine Systems Limited, is a leading provider of engineering and underwater services, responding to the subsea cable installation, maintenance and burial requirements of its customers around the world.
With a fleet of vessels and specialized subsea trenching and burial equipment, the company has a 165-year legacy in deep and shallow water cable operations. Global Marine’s primary markets are oil & gas, renewable energy & power, telecommunications and deep sea research.
Global Marine holds the RoSPA Order of Distinction in recognition of 16 consecutive years of outstanding occupational health and safety results.
Global Marine has two longstanding joint ventures in China S.B. Submarine Systems and Huawei Marine Networks and in February 2016 acquired a majority interest in offshore renewables specialist CWind.
For information on HC2 Holdings, Inc., please contact: Ashleigh Douglas ir@HC2.com 212-339-5875
Source:HC2 Holdings, Inc.